Market updates • November 3, 2022

Market Update

by Alison Goheen

You may have seen articles or seen news stories about the market and what to expect going into 2023:

“Real Estate Market tipping back towards buyers by fall 2023”

“Don’t expect home prices to crash. The housing market is more Resilient than it looks.”

” With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the market, many homeowners, prospective sellers and prospective buyers are nervous about next year.”

And in the Charleston area you may have seen this headline: “The typical value of homes in Charleston-North Charleston Metro is $409,960, up 28.2% over the past year. The Charleston housing market forecast ending with May 2033 is positive. Zillow predicts that Charleston-North Charleston Metro home values may grow by 13.1% by May 2023.”

Confused? Talk to this real estate agent!

Interest rates are going up and Inflation is the main reason why. It is interesting to look at where interest rates have been to see where it may go:

The average rate by the end of 70’s was 7.54%

The average rate by the end of 80’s was 9.78%

The average rate by the end of the 90’s was 8.06%

The average rate by the end of the 2000’s was 5.14%

The average rate by the end of the 2010’s was 3.72%

The average rate by the end of October 2022 was 7.14%

These rates are based on a 30-year conventional loan.

As you can see the current interest rates are in line with past trends. The highest interest rate was October 1981 when rates hit their historical peak at 18.45%. The lowest was in December 2020 when we saw mortgage rates hit 2.68%.

Maybe a fortune teller can tell you what the future hold?

Homes are still selling as the market shifts back to a balanced or even to a buyers market.

I keep up on the current market trends and our lending partners at Guaranteed Rate Affinity can help you find the best financing for you next home purchase.

If you are thinking about buying, selling or renting in Nexton or the Charleston area I’d love to show you what I and Coldwell Banker Realty can offer to make the process easier! We also have programs for Cash offers to buy and sell with RealSure! https://www.realsure.com/

I always keep up to date with everything going on in Cane Bay Plantation and Nexton too.

Uncategorized • October 25, 2022

ReVitalize

by Alison Goheen

If you need to up your curb appeal or do any repairs/updates our Revitalize program can help.

The RealVitalize SM program, powered by HomeAdvisor, is an exclusive offering for Coldwell Banker Residential Brokerage clients that helps with home improvements and repairs to prep your home for sale. They cover your upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

Some popular projects are

• Staging
• Appliance Purchasing and Installation
• Kitchen and Bathroom Upgrades
• Carpentry
• Carpet Cleaning and Installation
• Cleaning and Maid Service
• Curb Appeal Enhancements
• Painting
• Drywall and Insulation
• Electrical Upgrades
• Handyman Services
• Plumbing
• Wall and Ceiling Repair and more!

The benefits of using RealVitalize

Ups your homes value

The majority of homes that use RealVitalize sell at or above list price. (Based on program data from June 1, 2020 to May 31, 2021. Not a controlled study; results not guaranteed.)

Get Top rated Pros

Angi’s top-rated service providers are local to your area, and work across 500+ service categories, including painting, landscaping, staging and repair.

Benefits

✓ No interest, fees, or markups
✓ No min or max housing price to enroll
✓ Approval within 24-48 hours
✓ No liens filed against property
✓ No minimum project cost (max. project cost is set by your broker)
✓ Dedicated Consultant to guide you
✓ Fewer delays to closing
✓ No credit checks or pre-qualifications
✓ Access to Angi’s local services
✓ Streamlined process

Any questions on ReVitalize feel free to reach out to me!

I keep up to date with everything going on in Cane Bay Plantation and Nexton.

Local Businesses • October 17, 2022

Cane Bay Veterinary Clinic

by Alison Goheen

Making sure your pet stays healthy

When we adopted Dyno from Dorchester Paws a few years ago he was diagnosed Heartworm positive. This is treatable in dogs, thankfully!

As some may know sometimes taking a pet for a Veterinary appointment can be a challenge. The last time I took our dog he was very good. Jumped right into my car and sat quietly. Even so I prefer to take my pets somewhere close so we choose Cane Bay Veterinary Clinic which is six minutes from my home in Cane Bay Plantation.

They were all decorated for the upcoming Halloween holiday!

My Wellness visit

As always I was greeted by the staff and my dog and I went to the exam room. The Veterinary assistant and Veterinarian love my dog who they described as “Handsome”. They gave him treats (cheese whiz) and lots of pets. Because they were so reassuring Dyno had no trouble with receiving his vaccinations and having blood drawn.

Spay or Neuter your pets

It’s important not only to take your pets for wellness checks to ensure they stay healthy. If you have a pet make sure spayed or neutered to control the pet population. All of the shelters are full of dogs, cats, puppies and kittens!

For more information on Cane Bay Veterinary Clinic

Go to https://www.canebayvetclinic.com/

If you are thinking about buying, selling or renting in Nexton or the Charleston area I’d love to show you what I and Coldwell Banker Realty can offer to make the process easier! If you need to up your curb appeal or do any repairs/updates our Revitalize program can help. We also have programs for Cash offers to by and sell with RealSure! https://www.realsure.com/

I keep up to date with everything going on in Cane Bay Plantation and Nexton. I also know where you can go locally to do pretty much everything from buying a golf cart, having a computer or phone repaired, landscaping, power washing, dog training, etc. If I don’t know I can find out!

Events • October 12, 2022

2nd Annual Making Strides Calendar Event

by Alison Goheen

Beware: Beauties

As part of the Making Strides Against Breast Cancer Charleston Presented by Coldwell Banker Realty our office holds a fashion show. Pictures were taken by Dream Light for a calendar which is sold for $25 with the proceeds donated to the American Cancer Society for breast cancer research.

On October 7th the 2nd annual Fashion Show was held at my office. Several men dressed in their best for entertainment and to compete in support of National Breast Cancer Month which is in October each year. Realtors really enjoy giving back!

Volunteers

My Broker, Alexis Farris, hosted the show and advised that all contestants volunteered. Myself as an audience member saw that most contestants really enjoyed the show, and played up the silliness of it all.

Some were a little more reserved and shy!

The Beauties

The contestants were a mix of agents and associated partners. All were in it to win one of three trophies and gifts. They are: Harrison Doezema, Mike Todd (who was unable to attend) Jeff Criminger, Bobby Devito, Gary Fabian, Joel Wolf, Matthew Salego, Max Ballard, DJ Shamansky.

A fun time was had by all!

Want to see more? Go to https://youtu.be/5GPRcFARj78 for the full video of this event.

If you are thinking about buying, selling or renting in the Charleston area I’d love to show you what I and Coldwell Banker Realty can offer to make the process easier! If you need to up your curb appeal or do any repairs/updates our Revitalize program can help. We also have programs for Cash offers to buy and sell with RealSure! https://www.realsure.com/

I keep up to date with everything going on in the Charleston area.

Neighborhoods • October 8, 2022

The Hobbit House

by Alison Goheen

The Hobbit House

The Hobbit house project started in 1989 when the owner purchased the 2.7-acre lot along the Ashley River. The original owner wanted to build a fairytale cottage, but big enough for a crowd, with a thatched roof and a turret. (the turret had been abandoned after an architectural board dispute) The owner had plans for the interior, like a “Cinderella kitchen” with crown moldings, gold accents gold accents and brightly colored cabinets.

The Hobbit House

The technical architectural style is 16th-century Elizabethan.

While The Post and Courier dubbed the home the “Hobbit House” in a 2008 piece, The previous owner said kids in the neighborhood more often called it the “Haunted house” or “Harry Potter house.”

The Original Owner had big dreams

The original owner told the Post and Courier “I didn’t really stay on top of it,” Duncan said. “I just kind of lost interest and just kind of realized, gee, what am I doing here?”

The New Owners honor the vision with a modern spin

The current owner told the Post and Courier, “It was a shame that the previous owner didn’t get to finish what he started,” He went on to say “We did our best to honor his vision. We kept a lot of details and brick work that he did, the exterior trim. ” The original owner did a lot of great work. About the renovations he said “We really wanted to give it a modern feel, while at the same time keeping the character that makes this house so unique,” he said. “If it feels like a dark, damp castle on the inside then no one would have wanted to live there. We made it bright
and gave it an open floor plan.”

Custom Homes need Custom Buyers

This home was sold in 2021 and the new owners completed the interior renovations. It was listed at 1.4 million and has since been price improved to $950,000.

I went to see the inside October 8th at an open house. Previous open houses were held 05/27, 07/06, 07/10, 09/29. This home was listed May 9th and originally at 1,400,000.00.

Located in Summerville, SC, Dorchester County in the Walnut Farms Subdivision built on 2.37 acres. This home is 5,761 square feet, 5 bedrooms and 3.5 bathrooms with bonus rooms; Eat-In-Kitchen; Formal Living; Foyer; Frog Attached; Great; Laundry; Living/Dining Combo; Office.

Having walked through this home it is amazing. It is, however, a home that may need a specific buyer. I realtor can advise you ever step of the way and keep you advised. Want to see more? Go to https://youtu.be/5GPRcFARj78 for the full video of this home.

I keep up to date with everything going on in the Charleston area.

Nexton • October 4, 2022

Nexton Midtown Club – A Fine Fall Picnic

by Alison Goheen

One of the fun things about being a realtor is getting invited to events and find out what is going on in the various Planned Urban Developments.

This event was to announce the completion of the Amenity center for Midtown in Nexton, Midtown Club.

Midtown Club

The Midtown Club is a $9 million amenity center featuring a clubhouse with event spaces, fitness center and yoga room, resort-style pool, event lawn and pickleball, tennis and basketball courts.

I enjoyed a delicious and traditional outdoor BBQ picnic lunch served up by Martin’s BBQ complete with all the staples: BBQ, Mac N Cheese and banana pudding. The Rock the Block homes are in the background.

Plus I received some Nexton swag!

I did of course tour the Model homes and you can follow the following links for the videos:

If you are thinking about buying, selling or renting in Nexton or the Charleston area I’d love to show you what I and Coldwell Banker Realty can offer to make the process easier! If you need to up your curb appeal or do any repairs/updates our Revitalize program can help. We also have programs for Cash offers to buy and sell with RealSure! https://www.realsure.com/

I keep up to date with everything going on in Cane Bay Plantation and Nexton.

Charleston area • September 26, 2022

Creatures of the South

by Alison Goheen

Creatures of the South

A common question from people looking to move to the Charleston area are there alligators and snakes? There are many animals you may see here in the South.

Most of these you will not see!

Alligators

Yes, there are Alligators in the area. No you probably won’t see them. However, if you see this sign, you should watch your small children and pets.

Snakes

I have not seen any snakes but my neighbors in Cane Bay Plantation have seen the following: Black Snake, Cottonmouth, Rattlesnakes, Rat snake, Black racer, Red Rat snake and a Eastern Garter Snake. Around here if we see one they post in on Facebook and sometimes recommend someone that can remove it. Lots of people do not like snakes.

Anoles

If you see an anole they will run if you approach. Cute harmless and with a diet that consists primarily of small insects such as crickets, grasshoppers, flies, butterflies, moths, cockroaches, small beetles, and other arthropods, including spiders, as well as occasionally feeding on various molluscs, grains, and seeds. They can be useful to have in your yard. If one gets into your house, you can be sure your cat or dog will find them first.

Birds

Geese, Ducks, Snowy Eggrets and Blue Herons are common visitators at the marsh land behind my house. Of course, birds are harmless but watch your feet walking anywhere they have been. If you go to Shem Creek you will see Pelicans swooping for their dinner.

Insects

Some of the common bugs you will see in the South are: The Love Bug, Crane Fly, Horse Fly, and the Palmetto Bug (also known as the Florida woods cockroach), Moths and Butterflies. As with most bugs, they are annoying and you do not want them in your home.

Frogs

I have not seen one but at night you can sure hear them. They sound like goats bleating. Also, there are crickets as you can hear at this link: https://youtube.com/shorts/SgsJDesnIWE?feature=share

You can never know what new animal life you will see in the South.

I’ve worked with plenty of out-of-state clients and I am happy to take care of the details you are unable to. If you are looking to buy and sell in the Charleston area, contact me!

Nexton • September 22, 2022

Rock the Block Part 4

by Alison Goheen

Rock the Block

The last of the Rock the Block homes is now sold. Keith and Evans designed home sold for $1,100,000 September 15, 2022.

If you watched the show a few things were changed when the home was removed from the market temporarily and the price improved 6/22/2022. The wall feature made with sails was removed and the room repainted. I have pictures before the changes were made.

The bathroom is definitely special. The shower is in the middle of the room and a sink is on each side.

In the kitchen a custom pot filler faucet was installed over the stove.

Additional living space is in the F.R.O.G. (finished room over the garage) The new owner can use this space for guests or rent it out for additional income.

A sauna was also added in the loft area of the home.

A vegetable garden was added in the yard for sustainable living.

Can you do things like this to your home prior to sale to get the best return? Sure! We have a program called RealVitalize that allows you to do updates and repairs and pay the costs at closing

I’ve worked with plenty of out-of-state clients and I am happy to take care of the details you are unable to. If you are looking to buy and sell in the Charleston area, contact me!

Neighborhoods • September 12, 2022

Shell Pointe at Cobblestone Village

by Alison Goheen

Shell Pointe at Cobblestone Village – Goose Creek

Driving down US 176/State Road you will see Cobblestone Village Apartments on Cobblestone Village Drive. If you turn there you come to Shell Pointe at Cobblestone Village by DR Horton Americas Builder, Goose Creek. I’ve driven by this area (which is close to where I live) and never knew it was there. Phase One has been completed and Phase Two is open!

I viewed the two models and one thing I always notice is no space is wasted.

Amenities

The first thing you will see is the beautiful amenity center with a pool – The Club at Shell Point. Phase One homes line each side.

Open floor plans

Each model I viewed today has an open floor plan and the spaces feel very spacious.

Bedrooms

All bedrooms are good sized and with spacious Master closets

Each home has plenty of storage. Every time you turn around there is another door with more storage! Under the stairs too.

I can take you on a tour of all of the Model homes in Shells Landing in Cobblestone Village. Move in ready homes are also available right now in the low $300’s! DR Horton has locked in rates lower than other lenders to help you move in to a brand-new home with a reasonable monthly payment.

If you are thinking about buying, selling or renting in Shell Point at Cobblestone Village or the Charleston area I’d love to show you what Coldwell Banker Realty and I can offer to make the process easier! DR Horton has homes in Huger, Santee, Moncks Corner, Mount Pleasant, Summerville with more communities added all the time and I keep up with all the latest developments.

If you need to up your curb appeal or do any repairs/updates our Revitalize program can help.

Nexton • September 8, 2022

Nexton

by Alison Goheen

The Hub at Nexton is 88,000 square feet of mixed-use business space. Harris Teeter (which I am looking forward to! ) will break ground in 2022. Publix is set to break ground later in 2022.

Nexton Square Restaurants:

» Bad Daddy’s Burger Bar
» BKEDSHOP Donuts
» Carolina Ale House
» D’Allesandro’s Pizza
» Ever Creamery
» Fuji Sushi
» Hall’s Chophouse
» Page’s Okra Grill
» Poogan’s Porch
» Starbucks
» Taco Boy
» Tropical Smoothie
» Vicious Biscuit
» Wok N’ Roll

North Creek Market Place

» Marco’s Pizza

» Buffalo Wild Wings

» Jersey Mike’s

» Dunkin Donuts

» Scoop Ice Cream

» McDonald’s

» Agave’s Cantina

There are also other businesses: Medical facilities, Pet stores, Golf Cart retailer, Clothing boutiques and more!

Want to live nearby? There is Nexton Midtown builders row: Ashton Woods, David Weekly, Del Webb, Homes by Dickerson, Pulte, New Leaf Builders and Saussy Burbank.

Outside of Midtown and Brighton Park Village you will find Truehomes (North Creek) and Centex (Bradford Point). Each builder with offer their own unique homes.

If you are thinking about buying, selling or renting in Nexton or the Charleston area I’d love to show you what I and Coldwell Banker Realty can offer to make the process easier!

I can also take you on a tour of all of the Model homes in Nexton. Move in ready homes are also available if you do not want to wait to build.

If you need to up your curb appeal or do any repairs/updates our Revitalize program can help. I keep up with all the latest developments in Cane Bay Plantation and Nexton.

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